Corporación Boliviana De Fomento. - Law Of 7 November 1959.-Is Granted Area Of Land Tax, For The Realization Of Agricultural, Livestock And Industrial Development Program...

Original Language Title: CORPORACIÓN BOLIVIANA DE FOMENTO.— LEY DE 7 DE NOVIEMBRE DE 1959.— SE CONCEDE ZONA DE TERRENOS FISCALES, PARA LA REALIZACIÓN DE PROGRAMA DE DESARROLLO AGRÍCOLA, GANADERO E INDUSTRIAL.........

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law of November 7, 1959

HERNAN MISSILES ZUAZO

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For How Much: The Honorable National Congress has sanctioned the following Law:

EL H. NATIONAL CONGRESS

DECCRETA:

ArtA-culo 1A ° †" Concemento a la Corporárito Boliviana de Fomento la zona de terrains procurales comentó en los sifes lA-mites: taking as starting point Caranavi, following by the RA-or Coroico to its mouth in the RA-or Kaka; continuing with this rA-or Until its joining with the High Beni, from the allA-upstream to Inicua to follow the summits of the serranA-to which separates the Inicua and Alto Beni from the RA-s up to the height of Covendo and from this point in straight line to Caranavi, or in total two hundred Fifty thousand hectares approximately.

ArtA-ass 2A ° †" This concession will be used, by the indicated fiscal entity, in the realization of a vast program of agricultural development, livestock and industrial, whose planning in the stage of preliminary studies shall be made in the term of an aA ± o, computable from the date of promulgation of this law.

ArtA-ass 3A ° †" The Bolivian Corporation of Promotion will respect the right of individuals who were in post-possession of land prior to the 1st of November 1959, a fact that should be tested by the job run. It will also be those that have legally constituted titles, within the limits established by the Law of Agrarian Reform.

ArtA-arse 4A ° †" The concessionary entity will return to the State the areas of land that will result unnecessary for the development of their work and may request additional concessions if required by the A-ndole of works it executes. Likewise, you may ask the Executive Branch, the sale, lease, permuse or free cessation of certain areas to suit your plans for increase, which will be granted by Supreme Resolution, in each case.

5A °â€ " The Bolivian Development Corporation will use the total amount of money resulting from the transfer of the land that it has made in the development of this plan.

Communicate to the Executive Branch for constitutional purposes.

Meeting Room of the H. National Congress,

La Paz, October 27, 1959.

Rubén Julio Castro, President of the National Senate. †"Juan Sanjináš Obando, President of the H. CA of Diputados.â €" Ciro Humboldt B., Senator Secretario.†"Humberto Velarde, Senator Secretario.â€" Zenón Barrientos M., Diputado Secretario.†" Ignacio CallaAº, Deputy Secretary.

FOR TANTO:

Law of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic

the Republic of China. nine hundred and fifty nine years.

(Fdo.) HERNAN MISSILES ZUAZO, Constitutional President of the Repúsblica.†" Jorge Antelo, Minister of Agriculture, Livestock-a and Colonization.